Russian trade in goods with Turkey in Q4 2017

by Russian Foreign Trade
based on data from the Federal Customs Service of Russia

The Report on Russia’s foreign trade in goods with Turkey in the fourth quarter of 2017: exports, imports, products, dynamics.

Russia’s Trade with Turkey

In the 4th quarter of 2017, Russia’s trade with Turkey totaled $6,247,714,987, up 31.52% ($1,497,258,015) from the 4th quarter of 2016.

Russia’s exports to Turkey in the 4th quarter of 2017 totaled $5,073,929,809, up 28.86% ($1,136,460,959) from the 4th quarter of 2016.

Russia’s imports from Turkey in the 4th quarter of 2017 totaled $1,173,785,178, up 44.38% ($360,797,056) from the 4th quarter of 2016.

Russia’s trade surplus with Turkey in the 4th quarter of 2017 was $3,900,144,631, a 24.83% increase ($775,663,903) over the 4th quarter of 2016.

Turkey was Russia’s 7th largest trading partner in the 4th quarter of 2017 (just as in the 4th quarter of 2016), accounting for 3.7379% of Russia’s total trade (up from 3.4861% in the 4th quarter of 2016).

Turkey was Russia’s 5th largest export market in the 4th quarter of 2017 (down from 4th in the 4th quarter of 2016), accounting for 4.9326% of Russia’s total exports (up from 4.6966% in the 4th quarter of 2016).

Turkey was Russia’s 12th largest supplier in the 4th quarter of 2017 (up from 15th in the 4th quarter of 2016), accounting for 1.8260% of Russia’s total imports (up from 1.5506% in the 4th quarter of 2016).

Russia’s Exports to Turkey

The major share of Russian exports to Turkey in the 4th quarter of 2017 (and in the 4th quarter of 2016) was accounted for the following product types:

Mineral products (HS codes 25-27) - 49.40% of Russia’s total exports to Turkey (53.21% in the 4th quarter of 2016);

Metals and products from them (HS codes 72-83) - 30.46% of Russia’s total exports to Turkey (26.53% in the 4th quarter of 2016);

Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles (HS code 85) - an increase of $16,191,941;

Articles of iron or steel (HS code 73) - an increase of $14,599,849;

Footwear, gaiters and the like; parts of such articles (HS code 64) - an increase of $11,215,028;